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Take charge of your money on payday with two linked accounts to help you budget

Opening a Complete Freedom everyday account and Incentive Saver account together helps you pay bills automatically, save regularly and know what’s left to spend

Pay

Get paid into your Complete Freedom account with no account-keeping fee

Manage

Help track your spending habits with Spend Tracker and automate your bill payments to save time and avoid hassle

Save

Grow your savings each month and we’ll reward your dedication with bonus interest. You can also set up a regular savings plan in online banking

Benefits

$40

on us!
Complete Freedom
Offer*

Get $40 with a new Complete Freedom everyday bank account when you apply online by 28th September 2022 and within 30 days of account opening deposit $500 and make 5 eligible debit card purchases. New transaction account customers only. Exclusions, T&Cs apply*.

0.50 % P.A.

Maximum
reward rate

Grow your Incentive Saver account balance by at least $50 each month to earn bonus interest (if you are under 21, grow your account balance by any amount each month). The maximum reward rate is a combination of the bonus variable rate of 0.35% p.a. and a base variable rate of 0.15% p.a. for all balances

*The detail

$40 Offer: Fees and charges apply. Read the terms and conditions available at bankofmelbourne.com.au before making a decision and consider whether the product is right for you. To be eligible for the $40 offer you must: open a new Complete Freedom account online between 1/04/2022 and 28/09/2022, and within 30 days of account opening deposit $500 and make 5 eligible debit card purchases. Eligible card purchases are purchases made using your St.George Bank debit card linked to your Complete Freedom account and have these settled (not pending). The following transactions are ineligible: ATM transactions, BPAY, EFTPOS cash out only transactions, gambling transactions and purchases settled to a credit card account. If eligible you will receive $40 into your Complete Freedom account within approximately 50 days of opening. The account must remain open during this period in order to be eligible for the offer. New Complete Freedom account customers only. All account holders on the new Complete Freedom account must not currently hold or have previously held a Bank of Melbourne, St.George or BankSA transaction account, or received this cashback offer at any time to be eligible. Where a joint account is opened, if one of the joint account holders has already received their cashback in respect of another account, then none of the remaining joint account holders will be eligible for the offer in respect of the joint account. Offer is limited to one eligible account and is not available in conjunction with any other offer.

Read the Terms and Conditions, including for fees and charges that may apply, before making a decision and consider if it is right for you.

What you get

Visa debit card

Access your everyday account wherever Visa is accepted (if you’re 12 or 13, you can request a Freedom card in branch)¹

Internet banking

Manage your money online wherever you are, whatever you're doing

Automatic transfers

Set up monthly deposits from your everyday account into your savings account via online banking

Spend tracker

All your transactions grouped into categories, to help your track your spending habits

Card Lock

Misplaced your Visa debit card? Temporarily lock your card for up to 15 days while you look for it

Fees you might pay

Complete Freedom

$0.00 Account-keeping fee
$5.00 Overseas withdrawal fee ($0 when you use our Global Alliance ATM )
3.0% Foreign currency conversion
Free Periodical payment
$0.00 Frequent statement (request statement outside of cycle)

Incentive Saver

Free Account-keeping fee
$5.00 Overseas withdrawal fee ($0 when you use our Global Alliance ATM )
3.0% Foreign currency conversion
Free Periodical payment
Free Frequent statement (request statement outside of cycle)

In detail

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges

T&Cs and Fees

Internet and Mobile banking T&Cs

Interest rates

How to open an account

Read both the terms and conditions, and fees above

Have your ID and Tax File Number details

Select yes on the form to add a transaction account

Download our app

Download from the App Store

Download from Google Play

Not right? Try these.

All transaction accounts

All accounts

All Savings accounts

Savings accounts

The Detail

1.To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over. If you’re 12 or 13 years old and have an Australian residential address, you can request a Freedom Card in branch.

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Everyday banking + savings account